Asset Allocators Flee Stocks,
Shift Their Balance to Bonds

The stock-and-bond jugglers known as asset allocators are fleeing the stock market and loading up on bonds.

At a time when the stock market continues to hover near all-time highs (even with Monday's blue-chip decline), many money managers whose investment mandate calls for them to shift funds between stocks and bonds have become nervous, worrying that stocks can't get much higher. Many have turned their sights to bonds, finding better...